Showing 1 - 10 of 46,817
regulation is regulatory systemic risk …
Persistent link: https://www.econbiz.de/10013068598
This paper puts together the pieces of the puzzle of the ongoing regulatory competition debate on corporate law in the US. At early stages of this process Delaware conquered the leader’s place replacing Jersey, and forever locked-in there through peculiar manners. The States take as granted...
Persistent link: https://www.econbiz.de/10014179623
Several commentators have argued that financial “reform” legislation enacted after a market crash is invariably flawed … Sarbanes-Oxley Act and the ongoing implementation of the Dodd-Frank Act.This article does not deny that “reform” legislation …
Persistent link: https://www.econbiz.de/10013112700
Misreporting of borrowing rates by large banks and the resulting manipulation of LIBOR (London Interbank Offered Rate) has been the subject of headlines news recently. Confronted with charges from regulators several banks, such as Barclays, UBS, and Royal Bank of Scotland (RBS), have paid huge...
Persistent link: https://www.econbiz.de/10013081401
The "great recession" has affected labor markets in Euro-area countries in very different ways. This chapter documents two important aspects of their response: the impact effect of the recession on the rate of unemployment, and the persistence of high unemployment. We find that countries lie on...
Persistent link: https://www.econbiz.de/10011858547
From October 2013, UK law and regulations (the Reform) require periodic binding shareholders' approval of executive … sample of listed companies from 2010–2017 we investigate whether the Reform has affected pay levels, pay … the remuneration report. We find little evidence that the Reform has affected these variables in our sample firms. Using …
Persistent link: https://www.econbiz.de/10012824884
This study identifies one potential benefit of mandatory investor protection laws in weak investor protection countries neglected by the extant literature: laws help reduce firms' bonding costs to strong corporate governance. We argue that corporate insiders (outside investors) have little...
Persistent link: https://www.econbiz.de/10012934125
An important component of corporate governance is the regulation of significant transactions – mergers, acquisitions …, and industry-specific regulation. Drawing on real-world examples from the world's two largest M&A markets (the US and the …&A regulation are summarized – to (1) clarify authority, (2) reduce costs, (3) constrain conflicts of interest, (4) protect …
Persistent link: https://www.econbiz.de/10013051345
This paper presents a data point relevant to significant issues of policy concerning areas of law where small firms have either been granted exemption from regulations or not investigated for violations of laws that, on their face, apply to them. Whether small firms should be exempted is an...
Persistent link: https://www.econbiz.de/10014043649
company. This paper evaluates disclosure regulation of CfD instruments and assesses the effectiveness and suitability of the … disclosure regulation under chapter 5 of the Disclosure and Transparency Rules (DTR) in the UK with comparison to the relevant US … targeted by an intentions-based disclosure regulation requiring disclosure of CfD positions only in cases where the CfD holder …
Persistent link: https://www.econbiz.de/10014182126